Short Interest in First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) Drops By 60.0%

First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 7,467 shares, a decrease of 60.0% from the July 15th total of 18,678 shares. Based on an average trading volume of 5,007 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.3% of the shares of the stock are short sold.

First Trust Active Global Quality Income ETF Stock Down 0.1%

AGQI stock traded down $0.01 during trading on Friday, hitting $18.79. The company had a trading volume of 2,391 shares, compared to its average volume of 7,364. The firm has a 50-day moving average price of $18.26 and a 200-day moving average price of $17.85. First Trust Active Global Quality Income ETF has a 12 month low of $15.54 and a 12 month high of $18.88. The stock has a market cap of $55.99 million, a price-to-earnings ratio of 18.15 and a beta of 0.75.

Institutional Trading of First Trust Active Global Quality Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of First Trust Active Global Quality Income ETF in the 4th quarter valued at about $105,000. Virtu Financial LLC acquired a new position in First Trust Active Global Quality Income ETF in the third quarter valued at approximately $170,000. Flow Traders U.S. LLC acquired a new position in First Trust Active Global Quality Income ETF in the second quarter valued at approximately $324,000. Jane Street Group LLC bought a new position in First Trust Active Global Quality Income ETF in the first quarter valued at approximately $380,000. Finally, Global Retirement Partners LLC bought a new position in First Trust Active Global Quality Income ETF in the fourth quarter valued at approximately $547,000.

First Trust Active Global Quality Income ETF Company Profile

The First Trust Active Global Quality Income ETF -VIII- (AGQI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of globally listed dividend-paying equities selected using fundamental analysis. The fund seeks to provide income with the potential for long-term capital appreciation AGQI was launched on Sep 24, 2015 and is issued by First Trust.